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World financial crisis and Russian oil-and-gas complex

In the period of crisis, there was observed a short slowdown in implementation of the production and infrastructure projects by Russian oil-and-gas production complex. We show that there was no notable drop in investments made into the oil-and-gas production and transport while a critical reduction in financing the geologic explorations happened. The world oil and gas prices decreased in relation to their peak values, but remain at the level exceeding the values of the last decades, and show tendency to grow.

Korzhubaev A. G. korzhubaev@yandex.ru

Keywords: crisis oil crisis banks prices oil dynamics production gas